Toyoaki Nakamura, a member of the Board of the Bank of Japan, said on Thursday that the central bank “needs more time to move to monetary tightening“.
Additional comments
It should be examined whether small and medium-sized companies are making enough profits to sustain wage increases.
Tightening monetary policy before rising sales prices are translated into wage increases would dampen demand and hamper companies’ ability to turn a profit.
Monetary policy tightening requires a careful examination of economic conditions and a prudent approach.
A sustainable and stable achievement of the price target is not yet foreseen.
The Japanese economy is recovering moderately.
The Japanese economy is likely to recover moderately.
The sustainability of wage increases and the evolution of the foreign economy are some of the uncertainties surrounding Japan’s economic prospects.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
